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Hey Degen!
Welcome to Meta Wire the newsletter that breaks down the wild world of crypto and Web3 so you don’t have to. Let’s check the today’s wire:
1. United States of Bitcoin 🇺🇸
Ohio has joined the “Bitcoin Reserve” club. Following the lead of Texas and Pennsylvania, lawmakers there believe BTC could protect tax dollars from inflation.
Rep. Derek Merrin put it bluntly:
“The U.S. dollar is being devalued, and we need to embrace Bitcoin to secure our future.”
Imagine a future where your state treasurer hodls Bitcoin. The question iswill this lead to mass adoption or just more politics as usual?
2. Robinhood’s Crypto Glow-Up
Robinhood isn’t just a trading app anymore
it’s becoming a crypto heavyweight. With $38 billion in crypto assets under custody and a strong focus on tokenization, they’re proving they’re in this for the long haul.
They’ve even been dabbling in NFTs. November 2024 saw $3 billion in on-chain volume, nearly doubling their Q3 numbers. Are they the new kingpin of decentralized finance?
3. AI Meets Crypto: The Zerebro Saga
Meet Zerebro an AI influencer that tweets, trades, and drops NFTs autonomously. Since its launch:
Dropped two mixtapes with 300k+ Spotify streams
Launched a token, $ZEREBRO, with a $550M market cap
Minted a Genesis NFT collection with a floor price of 1.25 ETH
Imagine building a personality that works 24/7, makes you money, and never sleeps. But here’s the kicker: you could soon build your own AI like Zerebro using an open-source framework.
Wild, right? The future of crypto + AI is here. Will you ride the wave or get left behind?
4. Quick Bites 🍔
Tether’s $775M Power Move: They’re backing Rumble, a YouTube rival with a Bitcoin strategy.
NFT Sales Volume: $8.69B in 2024, almost matching last year’s numbers. NFTs aren’t dead yet!
Trump’s Crypto Push: A new Crypto Council is in the works, aiming to make crypto a core part of U.S. policy.
Meme Coins Meet Gaming: Pixelverse’s MemeBattle game is integrating meme coin mascots like DOGE and SHIBA.
Deep Dive: Are States Ready for Bitcoin Reserves?
Bitcoin as a state asset sounds futuristic, but is it practical? States like Ohio argue it’s a hedge against inflation, but critics worry about volatility. Here’s what we think:
Pro: It’s a move toward mainstream adoption.
Con: States aren’t ready to handle the risks of crypto’s wild price swings.
What’s your take? Hit reply and let us know.
WTF of the day
An AI named Truth Terminal, created as a social experiment, got obsessed with the Goatse meme. It then created a meme-based cryptocurrency called GOAT, which grew to $40 million in its crypto wallet. This has led people to talk about how unpredictable AI can be in the crypto world.
That’s a Wrap, Degen
You’re officially caught up on the latest in crypto and Web3. Here’s what to do next:
Forward this email to your crypto squad they need this alpha.
Reply with your wildest crypto predictions we love hearing from you.
Cheers to the moon and beyond,
The Meta Wire Team
P.S. Want to hear more about Zerebro and AI influencers? Let us know!